Gene Spotlight INC FY2021 filing

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To provide funding and support for the research and awareness of rare genetic diseases.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $146K a year · 43% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
51 mo
of spending, in cash
Plus $1.7M in investments, Pt X · Ln 11–13
Looks good: 50.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
-9% vs prior year
Spent
$139K
To programs
66%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$308K
FY2021▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$337K
FY2021$308K
FY2022$475K
FY2023$442K
FY2024$123K
Expenses
$139K
FY2021▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$174K
FY2021$139K
FY2022$134K
FY2023$309K
FY2024$197K
Net assets
$2.3M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$2.5M
FY2023$2.6M
FY2024$15.0M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $93K Management & general 18% · $25K Fundraising 16% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Dennis a Brady JR’s $30K as President is at the 27th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Gene Spotlight INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds and supports research and awareness for rare genetic diseases.

Questions for Gene Spotlight INC

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1 program · $5K · in their own filed words · FY2021
01

Provide monetary grants for reaserch, treatment, and cure of rare genetic diseases and conducted awareness campains informing the general public on issues related to the treatment and cure of such rare diseases.

$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 6 grants · $187K · 2020–2024

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$308K
Ln 12
Other incomeLn 4–11$206K
Gifts and grantsLn 1h$79K
Investment incomeLn 3$22K
Money outPt IX
$139K
Ln 25
Programscol B$93K
Managementcol C$25K
Fundraisingcol D$22K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$590K
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Investment incomeLn 3$22K
Other incomeLn 4–11$206K
Gains on assetsLn 7$22K
Total revenueLn 12$308K
Assets in detailPt X, end of year
CashLn 1$590K
Cash and savings togetherLn 1–2$590K
InvestmentsLn 11–13$1.7M
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.6M$590K
InvestmentsLn 11–13$590K$1.7M
Land, buildings, equipmentLn 10c$66$0
Total assetsLn 16$2.1M$2.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.1M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Other salaries and wagesLn 7$20K$20K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$96$96
Depreciation, depletion and amortizationLn 22$66$66
Other expenses (24a–d)Ln 24$66K$66K$403
Total functional expensesLn 25$139K$93K$25K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jul 14, 2025 $123K$197K−$74K$15.0M 990 PDF
FY2023Filed with the IRS May 10, 2024 $442K$309K$133K$2.6M 990 PDF
FY2022Filed with the IRS Jul 28, 2023 $475K$134K$342K$2.5M 990 PDF
FY2021 ViewingFiled with the IRS Aug 16, 2022 $308K$139K$168K$2.3M 990 PDF
FY2020Filed with the IRS Aug 26, 2021 $337K$174K$163K$2.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $307,543 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $337,343$78,707
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$22,491
I-11 Other revenuePrior year $0$206,345
I-12 Total revenuePrior year $337,343$307,543
I-13 Grants and similar amounts paidPrior year $68,000$5,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$21,875
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $106,449$112,322
I-18 Total expensesPrior year $174,449$139,197
I-19 Revenue less expensesPrior year $162,894$168,346
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $307,543 across 5 lines filed
VIII-1f All other contributions, gifts and grants$78,707
VIII-1h Total contributions, gifts and grants$78,707
VIII-7 Net gain or loss on sales of assetsExcluded from tax $22,491$22,491
VIII-8 Net income from fundraising eventsExcluded from tax $206,345$206,345
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $228,836$307,543
Part IX · Statement of functional expenses $139,197 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-7 Other salaries and wagesPrograms $19,615$19,615
IX-10 Payroll taxesPrograms $2,260$2,260
IX-11b Legal feesFundraising $1,410$1,410
IX-11c Accounting feesManagement $24,274$24,274
IX-11g Other fees for servicesFundraising $17,190$17,190
IX-12 Advertising and promotionFundraising $3,211$3,211
IX-13 Office expensesManagement $96$96
IX-22 Depreciation, depletion and amortizationManagement $66$66
IX-24 Other expenses (24a–d)Programs $65,672 · Management $403$66,075
IX-25 Total functional expensesPrograms $92,547 · Management $24,839 · Fundraising $21,811$139,197
Part X · Balance sheet $2,315,134 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,556,720$590,126
X-10c Land, buildings and equipment, netStart of year $66$0
X-12 Other securities$535,006
X-13 Program-related investmentsStart of year $590,002$1,190,002
X-16 Total assetsStart of year $2,146,788$2,315,134
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $2,146,788$2,315,134
X-32 Total net assets or fund balancesStart of year $2,146,788$2,315,134
X-33 Total liabilities and net assetsStart of year $2,146,788$2,315,134
Part XI · Reconciliation of net assets $2,315,134 net assets at year end
XI-1 Total revenue$307,543
XI-2 Total expenses$139,197
XI-3 Revenue less expenses$168,346
XI-4 Net assets at start of year$2,146,788
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,315,134

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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